Loans and Finance

Loans and Finance

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News and information about loans, money, debt, finance and business issues.

Friday, February 08, 2008

A Missed Opportunity

As predicted, the MPC cut interest rates yesterday by a meagre 0.25%.

This reduction is no way near enough to stabilise the UK financial system/markets, and is out of step with the Fed's recent aggressive rate cuts.

A missed opportunity, which will come back to bite the Bank of England in the backside.

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